Jobless Claims Up by 8,000; Help-Wanted Index Was Unchanged in Sep.

In the week ending Oct. 21, the advance figure for seasonally adjusted initial jobless claims increased 8,000 to 308,000, according to the U.S. Department of Labor.  The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Oct.14, unchanged from the prior week's rate of 1.9%.
The advance number for seasonally adjusted insured unemployment during the week ending Oct. 14 was 2,449,000, an increase of 3,000 from the preceding week's revised level of 2,446,000. The 4-week moving average was 2,440,750, an increase of 4,000 from the preceding week's revised average of 2,436,750.  

Help-Wanted Advertising Index:

The Conference Board Help-Wanted Advertising Index — a key measure of job offerings in major newspapers across America — was unchanged in September. The Index currently stands at 30. It was 37 one year ago. 

In the last three months, help-wanted advertising declined in all nine U.S. regions. Steepest declines occurred in the West South Central (-17.5%), South Atlantic (-14.6%), and West North Central (-13.7%) regions.

Online Job Ads

New online job ads dropped 5% in September to 2,459,191, according to The Conference Board Help-Wanted OnLine Data Series. There were 1.62 online job ads per 100 persons in the U.S. labor force, compared with 1.71 in August 2006 and 1.55 in July.

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